Have a Tax Question? Ask a Tax Expert
Hello, the expert you requested is not online nor expected any time soon.
Would you like your question to be left for them for when they may come back?
If you can help me that's fine
What is your specific situation?
I am a little confused. I use Intuit tax online and I set-up a new item that qualifies for section 179 w/o. Let's say the item cost a $100 and the section 179 expense is a $100. The income before the expense is 1,000, after the expense it is $900. What figures should go on Schedule K including line 18. 11 and 1.
And then what goes on the K-1?
I am sorry but I am having a computer problem and cannot seem to transfer any info
please bear with me
I will opt out so another expert can assist you while I get the=is fixed
they will grab quick so hang on please